| SPXL latest price $117.6800 (-7.16%) ($117.0200 - $123.0580) on Thu. Feb. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.19% (three month average) |
RSI | 36 |
Latest Price | $117.6800(-7.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | SPXL advances 1.9% a day on average for past five trading days. |
Weekly Trend | SPXL declines -2.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support SPXL advance at 0% a week (0% probability) IVW(98%) IWF(97%) DIA(95%) IVE(95%) QQQ(95%) |
Factors Impacting SPXL price | SPXL will decline at least -1.595% in a week (0% probabilities). VIXM(-49%) UUP(-31%) VXX(-10%) TBT(-8%) EDOC(5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.595% (StdDev 3.19%) |
Hourly BBV | -1.6 () |
Intraday Trend | -3% |
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